New York & Tri-State + New Jersey + Apartments | December 15, 2020

AvalonBay Acquires Site at Somerville Station MXU

Somerset Development has sold a 15-acre property in downtown Somerville, NJ, paving the way for a new phase of its Somerville Station redevelopment. The site was purchased by AvalonBay Communities Inc.

With the acquisition, AvalonBay is set to commence construction of a new civic center, street-level retail, public plaza, NJ Transit parking facilities, and 374-unit apartment community – all part of Somerset Development’s master-planned vision for a mixed-use transit village in downtown Somerville. The project is anchored by its immediate connectivity to NJ Transit’s Somerville train station.

In addition to AvalonBay’s apartments, one of the nation’s largest homebuilders, PulteGroup, is building a new community of for-sale townhomes at Somerville Station.

“This project is the product of more than 30 years of complex planning and collaboration among the borough, NJ Transit and various stakeholders,” said Ken Gold, VP of acquisitions and development for Somerset Development..

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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